A remarkable — even for trump excesses — is the announcement that his "TruthSocial" social- media site, which is attached to the stock DJT, will now be selling something called "API", a subscription service @ $100,000/mo giving subscribers an "instant" access to any and all posts by trump which may materially affect market movements, once quaintly known as "insider information". So far, deemed. "legal", a word doing some heavy lifting here, and an obvious effort to revive DJT's flagging market performance.
No ceiling for grifting opportunities, nor a floor for blatantly self-interested activity, even that bordering on criminality.
I do not understand the obsession with gambling. I assume it is an addiction, just like alcohol and drugs. Our society should be helping people to avoid or heal from it, not encouraging it. I keep thinking of the original Star Trek episode, "The Gamesters of Triskelion."
Thank you so much, Mark. I already hated prediction markets and have read much coverage, but this is eye-opening and a sad statement on how accepted corruption has become by many.
We have been a nation of suckers for a long time with the help of our media. How many people know that you can’t discharge student debt in bankruptcy but you can with gambling debts? The first is an example of a productive debt and the second an example of an unproductive debt.
A remarkable — even for trump excesses — is the announcement that his "TruthSocial" social- media site, which is attached to the stock DJT, will now be selling something called "API", a subscription service @ $100,000/mo giving subscribers an "instant" access to any and all posts by trump which may materially affect market movements, once quaintly known as "insider information". So far, deemed. "legal", a word doing some heavy lifting here, and an obvious effort to revive DJT's flagging market performance.
No ceiling for grifting opportunities, nor a floor for blatantly self-interested activity, even that bordering on criminality.
https://www.reuters.com/business/media-telecom/trump-media-pitched-100000-monthly-fee-fast-feed-us-presidents-posts-ft-reports-2026-07-17/
Thank you, Mr. Jacob.
I do not understand the obsession with gambling. I assume it is an addiction, just like alcohol and drugs. Our society should be helping people to avoid or heal from it, not encouraging it. I keep thinking of the original Star Trek episode, "The Gamesters of Triskelion."
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What else is there to say?
Thank you so much, Mark. I already hated prediction markets and have read much coverage, but this is eye-opening and a sad statement on how accepted corruption has become by many.
Thank you Mark. The truth is hard to hear. ( understatement)
We have been a nation of suckers for a long time with the help of our media. How many people know that you can’t discharge student debt in bankruptcy but you can with gambling debts? The first is an example of a productive debt and the second an example of an unproductive debt.